KB Topic Erc20 Token Standard

What Are Ethereum Tokens ERC-20, ERC-223, ERC-721, and ERC-777 Tokens Explained
As if understanding Bitcoin wasn't difficult enough, Ethereum adds a whole new level of complexity to the equation. Even if you have a solid technical background, it's going to take some time and independent research before everything makes sense unless you're a genius, anyway. With that being said, a basic understand of how Ethereum works can actually make it simpler to understand cryptocurrencies in general. You see, Ethereum is a decentralized platform upon which smart contracts can be written (in the Solidity programming language) and executed. It is the base layer that supports hundreds of decentralized applications (dApps).

Ethereum's ERC-20 Token Standard Has Been Formalized - CoinDesk
The standard that governs how new cryptographic tokens can be launched on top of the ethereum blockchain has been been finalized. Revealed today by the open-source project's developer team, the ERC-20 standard establishes a common set of rules for tokens issued via ethereum smart contracts, and currently serves as the basis for the many tokens that have been released through initial coin offerings (ICOs). The standard has now been formalized on the ethereum GitHub page, meaning that going forward, all tokens built on ethereum should conform to the standard. ERC-20 was previously unenforced, but it had been readily adopted by token developers since its introduction in late 2015. The standard ensures that ethereum-based tokens perform in a predictable way throughout the ecosystem, such that decentralized applications and smart contracts are interoperable across the platform, and that all tokens follow a fixed standard of security.

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